On Wednesday, Shares of Procter & Gamble Co (NYSE:PG), gained 0.22% to $75.96.
Jon R. Moeller, Chief Financial Officer of The Procter & Gamble Company, will be a featured speaker at the Morgan Stanley Global Consumer & Retail Conference in New York City, Wednesday, November 18, 2015 at 8:40 a.m. ET.
Media and investors may access the live audio webcast at www.pginvestor.com startning at 8:40 a.m. ET.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Shares of Bank of New York Mellon Corp (NYSE:BK), inclined 0.48% to $43.84, during its last trading session.
According to the BNY Mellon Institutional Scorecard — available for download, here — the funded status of the typical U.S. corporate pension plan rose in October, increasing by 2.9 percentage points, to 84.7 percent. Corporate pensions are now up 2.4 percent year-to-date, after briefly dipping into negative territory in September. Public plans and foundations & endowments both exceeded the Scorecard’s monthly return targets by 3.9, and 3.8 percent, respectively.
For the typical U.S. corporate plan, Aa corporate discount rates fell by 3 basis points in October, to 4.35 percent, as investment grade spreads tightened. The decline in rates led to an improvement in liabilities of 0.8 percent, while assets appreciated 4.2 percent.
“For the first time since mid-summer, investors finally saw relief from market headwinds, as equities of all flavors had a strong month,” said Andrew D. Wozniak, head of BNY Mellon Fiduciary Solutions. “Corporate defined benefit plan sponsors felt the combined effects of both appreciating asset values and relatively stable liabilities, which led to funded status improvements for the typical plan.”
Public defined benefits in October exceeded their return target by 3.9 percent, as assets raised by 4.5 percentage points, according to the October BNY Mellon Institutional Scorecard. Still, public plans are short on their year-to-date return target by 5.6 percent, and one year return target by 6.9 percent.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
Finally, Shares of New York Community Bancorp, Inc. (NYSE:NYCB), ended its last trade with 0.91% gain, and closed at $16.05.
New York Community Bancorp, declared that its President and Chief Executive Officer, Joseph R. Ficalora, will take part in the Bank of America Merrill Lynch Banking and Financial Services Conference to be held on Wednesday, November 18th, in Manhattan.
During his presentation, which is planned to start at 11:40 a.m. Eastern Standard Time, Mr. Ficalora will discuss the Company’s third quarter 2015 performance and the anticipated pro forma benefits of the planned actions it recently declared, counting its projected merger with Astoria Financial Corporation (AF).
A simultaneous webcast of the presentation will be available at the Company’s website, ir.myNYCB.com. A replay of the webcast will be available later in the day and will be archived at the Company’s website, together with the accompanying PowerPoint slides, through December 2, 2015.
New York Community Bancorp, Inc. operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona.